Google just announced Android 4.3 during a press breakfast in San Francisco. It will launch on the new Nexus 7 and offers several new features, including restricted profiles that will allow parents and kids to share the same tablet while controlling which apps are available to specific family members. Parents can, for example, restrict buying options too – which should help prevent kids from accidentally spending too much within an app. It’s also an option for retail kiosks, Google said.

Bluetooth Smart technology is also supported in Android 4.3, which allows users to pair phones or tablets with low-power devices such as fitness sensors. OpenGL support has been upgraded to OpenGL ES 3.0, the latest version that should allow for photo-realistic 3D graphics. Users can expect anamorphic lens flare, more realistic textures and real-time rendering in 1080p resolution.

Google also introduced a new set of DRM APIs for better encryption and content protection for its partners, which will allow it to provide 1080p video to its tablets. The first partner is Netflix, which supports 1080p HD streaming. The Nexus 7 is the first device to support it.